Transactions
February 20 2018
KippsDeSanto & Co. Advises Themis Computer on its Sale to Mercury Systems
KippsDeSanto & Co. is pleased to announce the sale of our client, Themis Computer (“Themis” or the “Company”) to Mercury Systems, Inc. (“Mercury”). Themis is an industry leading designer, developer, and manufacturer of environmentally-resilient computing solutions that integrate the latest commercial technologies and minimize size, weight, and power (“SWaP”) for critical U.S. and international aerospace and defense programs.
Based in Fremont, California, Themis has established a reputation as a trusted provider of high-performance aerospace and defense electronics for mission-critical platforms. Over the past 20 years, the Company has demonstrated its ability to be at the forefront of market shifts and rapidly adapt to evolving customer needs. Through continuous advancement of innovative, dependable, and durable products, Themis has entrenched itself in key aerospace and defense programs. The Company works with end customers to define and develop comprehensive solutions that address the customer’s exacting requirements for ruggedness and SWaP. Themis’ past performance, deep customer relationships, and strong domain knowledge have enabled the Company to deliver the next generation of high-end, ruggedized computing solutions for mission-critical U.S. Army, Navy, and broader Department of Defense (“DoD”) applications.
The acquisition of Themis provides Mercury with a platform to further penetrate the Command, Control, Communications, Computers, and Intelligence (“C4I”) market and expand Mercury’s capabilities in rugged servers and tactical cloud computing solutions. Themis also broadens Mercury’s presence on some of the largest U.S. Navy and Army server programs in the U.S. DoD, including the Navy’s Common Display System and Common Processing System for the Aegis Weapon System, and Army’s Joint Light Tactical Vehicle (“JLTV”) and Warfighter Information Network – Tactical (“WIN-T”). By supporting well-funded, decades-long aerospace and defense programs, Themis has developed a reputation for quality and is well-positioned for continued growth as the Company leverages Mercury’s capabilities to offer new products and solutions to its customers.
We believe this transaction demonstrates several key trends in the aerospace and defense M&A environment:
• Continued focus on aerospace and defense electronics, particularly within the C4I market
• Strategic buyers are increasingly focused on acquisitions that convey innovative capabilities that significantly expand the acquirer’s addressable market
• Significant value accrues to companies with well-entrenched positions on critical aerospace and defense platforms and with relationships with key customers
LEAD INVESTMENT BANKERS
Michael J. Misantone
KippsDeSanto & Co. is pleased to announce the sale of our client, Themis Computer (“Themis” or the “Company”) to Mercury Systems, Inc. (“Mercury”). Themis is an industry leading designer, developer, and manufacturer of environmentally-resilient computing solutions that integrate the latest commercial technologies and minimize size, weight, and power (“SWaP”) for critical U.S. and international aerospace and defense programs.
Based in Fremont, California, Themis has established a reputation as a trusted provider of high-performance aerospace and defense electronics for mission-critical platforms. Over the past 20 years, the Company has demonstrated its ability to be at the forefront of market shifts and rapidly adapt to evolving customer needs. Through continuous advancement of innovative, dependable, and durable products, Themis has entrenched itself in key aerospace and defense programs. The Company works with end customers to define and develop comprehensive solutions that address the customer’s exacting requirements for ruggedness and SWaP. Themis’ past performance, deep customer relationships, and strong domain knowledge have enabled the Company to deliver the next generation of high-end, ruggedized computing solutions for mission-critical U.S. Army, Navy, and broader Department of Defense (“DoD”) applications.
The acquisition of Themis provides Mercury with a platform to further penetrate the Command, Control, Communications, Computers, and Intelligence (“C4I”) market and expand Mercury’s capabilities in rugged servers and tactical cloud computing solutions. Themis also broadens Mercury’s presence on some of the largest U.S. Navy and Army server programs in the U.S. DoD, including the Navy’s Common Display System and Common Processing System for the Aegis Weapon System, and Army’s Joint Light Tactical Vehicle (“JLTV”) and Warfighter Information Network – Tactical (“WIN-T”). By supporting well-funded, decades-long aerospace and defense programs, Themis has developed a reputation for quality and is well-positioned for continued growth as the Company leverages Mercury’s capabilities to offer new products and solutions to its customers.
We believe this transaction demonstrates several key trends in the aerospace and defense M&A environment:
• Continued focus on aerospace and defense electronics, particularly within the C4I market
• Strategic buyers are increasingly focused on acquisitions that convey innovative capabilities that significantly expand the acquirer’s addressable market
• Significant value accrues to companies with well-entrenched positions on critical aerospace and defense platforms and with relationships with key customers
LEAD INVESTMENT BANKERS
Michael J. Misantone
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